Digital currency replaces physical means of payment such as cash and checks. The handling and managing of physical transactions is more expensive as it requires people rather than a program to manage transactions. As the five big banks control 90% of all deposits–essentially a monopoly– their adoption of digital currency would impose it on all banks.
A digital currency means your money is no longer in your hands. It can be denied you intentionally or accidentally. You no longer will have a cash hoard as a backup. Possibly, if they are permitted to exist, you could collect anonymous debit cards preloaded with specific amounts, but if digital money is to be used for control, their existence is unlikely. Moreover, hackers are as likely to be successful diverting digital money as everything else.
The main destructive element of digital systems is that they remove humans from human contact. Scammers have eliminated the usefulness of a telephone as a device for speaking to another person. Instead, people text. But if caller ID and emails can be compromised, so can texting.
What the digital revolution has given us is total insecurity, isolation, and enormous frustration.
-- PC Roberts, former Asst. Treasury Secretary
On this most sacred day of the Christian faith, a US president who claims to be a Christian issues a threat to a nation of 94 million people, including over 500,000, Christians—threatening to commit war crimes (pursuant to Geneva Convention) against their civilian infrastructure.
"Behold the puerile, B-movie gangster style of his prose and his use of the word “F..kin’”—now the most overused word in the English language and the clearest expression of our degenerate culture.
"Upon seeing this post, I immediately thought of Madison’s reflections on the evil of war.
"The same malignant aspect . . . may be traced in the inequality of fortunes, and the opportunities of fraud, growing out of a state of war, and in the degeneracy of manners and of morals engendered by both.
"On this Easter Sunday, I pray that the innocent civilians of Iran will be spared from the sadistic and demented wrath of “President DONALD J. TRUMP.”
Here's the post
@realDonaldTrump
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This week, the US President gave an apparently delusional update of the Iran conflict. Iran's military is decimated, and it's President is asking for a cease fire, he reported.
Iran's Foreign Ministry spokesman immediately rejected that. State broadcaster IRIB quoted Esmail Baghaei as saying Trump's statements were false and unfounded.
Trump attributed the request for a ceasefire to Iran's "New Regime President."
On the same day, Iranian President Masoud Pezeshkian criticized the US war against his country in an open letter to the people of the United States on Wednesday, calling it an absurd operation that is costly for their nation.
Within hours of Mr. Trump's analysis of a destroyed Iranian military, Iran fired more missiles at Israel and Gulf Arab states, demonstrating Tehran’s continued ability to attack even as US President Donald Trump claimed the threat from the country was nearly eliminated and predicted the war would end soon.
In Mr. Trump's speech to the nation, Paul...
Today's assymetrical warfare: Iran's cheap munitions are taking out American's most expensive aircraft.
One internet observer:
"Iran, still using their pawns, while Israel and the US out there, with only their King n Queen left. Who will fall first?
"5 pawns and a king versus a king and queen in a chess end game, the side with the 8 pawns always wins. 5 pawns is enough. That’s standard.
"In a way, you could call it asymmetrical warfare."